Resolution plan of Superdrawn Industries Private Limited stands approved

In re Manish Bhchasia RP for Superdrawn Wire Industries Pvt Ltd (NCLT Ahmedabad) NCLT Ahmedabad held that the resolution plan submitted by the Resolution Professional of Superdrawn Industries Private Limited (Corporate Debtor) stands approved at it has been approved with 100% voting share and plan meets the requirement of being viable and feasible. Facts- The present application is filed U/s 30(6) & 31 of IBC read with Regulation 39(4) of the Insolvency Resolution Regulations, 2016 by the Resolution Professional of Superdrawn Industries Private Limited (Corporate Debtor) seeking to pass an...